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Re: Claypool Reservoir post# 4377

Thursday, 11/19/2009 3:07:05 PM

Thursday, November 19, 2009 3:07:05 PM

Post# of 22569
I am having trouble finding the positive in the financials that were just posted. Lots of troubling info there though IMO.

Does anyone know the conversion rate on the preferreds that are outstanding?

Anyone care that in one quarter the company burned through more than 125 million shares? going to run out of them soon.

Sales of $828 for the quarter...YIKES

Book value of less than .002 per common share and that is giving no value ot the preferreds so actually book is much lower. And this gives value to the investments the company carries on its books at about $223,000 of value or around 30% of its total value that it acknowledges are shares in INACTIVE companies.

Fitting that the symbol would be GRBG for this. Just missing two A's and an E at the end to be fully descriptive.